eBay's second-quarter net income rose 22 percent to $460 million, as PayPal and other newer businesses led broad-based growth. The total value of all goods sold on the site in the quarter was $15.7 billion, up 8 percent from a year ago — which suggests that the sustained whining of smaller sellers who are displeased by the inclusion of listings from the likes of Buy.com, which pays lower fees to sell items on the site, has mattered less than new sales generated by the larger merchants. [Wall Street Journal]

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